SunTrust Banks, Inc. restated their buy rating on shares of Nordson Corporation (NASDAQ:NDSN) in a research note released on Friday. SunTrust Banks, Inc. currently has a $135.00 price objective on the industrial products company’s stock.
Several other research firms also recently commented on NDSN. BidaskClub upgraded Nordson Corporation from a buy rating to a strong-buy rating in a research note on Friday, August 4th. Zacks Investment Research upgraded Nordson Corporation from a sell rating to a buy rating and set a $140.00 price objective on the stock in a research note on Tuesday. KeyCorp reiterated a buy rating and issued a $145.00 price objective on shares of Nordson Corporation in a research note on Thursday, October 12th. FBR & Co reiterated an outperform rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. Finally, Robert W. Baird reiterated a hold rating and issued a $138.00 price objective on shares of Nordson Corporation in a research note on Wednesday, October 4th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $140.33.
Nordson Corporation (NASDAQ NDSN) traded down 0.76% during mid-day trading on Friday, reaching $126.16. The company had a trading volume of 183,436 shares. The company’s 50-day moving average is $119.64 and its 200-day moving average is $121.12. Nordson Corporation has a one year low of $96.05 and a one year high of $131.49. The stock has a market capitalization of $7.28 billion, a PE ratio of 25.09 and a beta of 1.37.
Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.66 by $0.12. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The business had revenue of $589.40 million for the quarter, compared to the consensus estimate of $574.20 million. During the same quarter in the prior year, the business earned $1.67 earnings per share. Nordson Corporation’s revenue for the quarter was up 20.3% on a year-over-year basis. Equities research analysts anticipate that Nordson Corporation will post $5.32 earnings per share for the current year.
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In other Nordson Corporation news, VP James E. Devries sold 5,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.01, for a total transaction of $590,050.00. Following the sale, the vice president now owns 41,937 shares in the company, valued at $4,948,985.37. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.15% of the company’s stock.
Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of Nordson Corporation by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 79,137 shares of the industrial products company’s stock worth $9,601,000 after acquiring an additional 1,751 shares in the last quarter. FMR LLC purchased a new stake in shares of Nordson Corporation during the first quarter worth $44,110,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Nordson Corporation by 4.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 416,003 shares of the industrial products company’s stock worth $50,471,000 after acquiring an additional 19,044 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Nordson Corporation by 44.0% during the second quarter. BNP Paribas Arbitrage SA now owns 26,298 shares of the industrial products company’s stock worth $3,190,000 after acquiring an additional 8,039 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Nordson Corporation by 16.5% during the second quarter. Pacer Advisors Inc. now owns 7,374 shares of the industrial products company’s stock worth $895,000 after acquiring an additional 1,047 shares in the last quarter. Hedge funds and other institutional investors own 65.51% of the company’s stock.
Nordson Corporation Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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